ROGERS (AP) — Superior Industries International Inc. announced Wednesday it would shutter its manufacturing plant in Rogers, eliminating 500 jobs.

The California-based company produces aluminum wheels for the auto industry, supplying to companies like Ford, General Motors, Toyota and Nissan. Work done at the Rogers plant will be shifted to other Superior facilities in Fayetteville and in Chihuahua, Mexico, the company said.

"This action follows a comprehensive review of the company's cost position in what continues to be an intensely competitive environment," said Don Stebbins, Superior's president and chief executive officer.

The closure is expected to save the company $15 million in year-over-year labor costs.

"Our board and management team remain focused on building an efficient, operationally stronger organization that can compete effectively with manufacturers around the globe. We appreciate the contributions of our team members at Rogers and will be providing assistance to them during the transition process," Stebbins said.

Superior expects to pay between $2 million and $2.5 million in severance costs, according to a news release.

The company had laid off hundreds of workers at the Rogers and Fayetteville plants in 2008 and 2009. Less than 10 years ago, the company had a combined 1,600 workers in northwest Arkansas.

"We're aware of it and have been in contact with the company prior to this announcement," said Scott Hardin, spokesman for the Arkansas Economic Development Commission. "We're working with the community and company to develop a plan to continue to market that facility for other manufacturers and also talking with the company about whether there's any potential to add any jobs to the Fayetteville facility."